Proficio Capital Partners LLC bought a new stake in shares of Roundhill Meme Stock ETF (NYSEARCA:MEME – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 196,865 shares of the company’s stock, valued at approximately $8,735,000. Proficio Capital Partners LLC owned approximately 11.12% of Roundhill Meme Stock ETF at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Goldman Sachs Group Inc. bought a new position in Roundhill Meme Stock ETF in the fourth quarter worth about $757,000. Simplex Trading LLC purchased a new stake in Roundhill Meme Stock ETF in the fourth quarter worth about $60,000. Group One Trading LLC bought a new stake in Roundhill Meme Stock ETF during the 4th quarter valued at approximately $39,000. Montanova Capital LLC bought a new stake in Roundhill Meme Stock ETF during the 2nd quarter valued at approximately $26,755,000. Finally, Nwam LLC purchased a new position in shares of Roundhill Meme Stock ETF during the 2nd quarter worth approximately $163,000. Hedge funds and other institutional investors own 29.90% of the company’s stock.
Roundhill Meme Stock ETF Stock Performance
Shares of NYSEARCA:MEME opened at $7.72 on Tuesday. Roundhill Meme Stock ETF has a 52-week low of $5.33 and a 52-week high of $11.91. The firm has a market capitalization of $13.66 million, a P/E ratio of -163.35 and a beta of -8.01. The stock has a 50 day moving average price of $7.98 and a 200-day moving average price of $8.21.
About Roundhill Meme Stock ETF
The Roundhill MEME ETF (MEME) is an exchange-traded fund that is based on the Solactive Roundhill Meme Stock index. The fund tracks an equal-weighted index of 25 US-listed stocks selected baesd on a high social media activity score and high short interest percentage. MEME was launched on Dec 8, 2021 and is managed by Roundhill.
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